Page 142 - TACC 2023 Program

Who We Are

• Private equity firm pursuing control investments The Milton Street Team
in North American, lower middle market industrial
companies Francis Carr Bob Hogan Reid Shows
• Focused on B2B operators providing commercial Managing Partner Managing Partner Vice President
and industrial services and rentals, niche
manufacturing, and value-added distribution
• MSC seeks to invest in the ‘New World’ economy Tim Bernica Kevin Crook Emily Kelting
Partner
Partner
Associate, BD
through an industrial lens
• Making transformational and sustainable changes
through a hands-on model Hunter Nelson Don Shaver Annie Kansas
Controller,
• Currently investing out of Fund II Senior Partner Senior Partner Management Co
Investment Criteria

Sustainably
Great
Business
EBITDA
$5-20 million Headquarters Enterprise Value Equity Investment Control Position Identifiable Value
With Flexibility North America <$250 million $20-100 million Creation

Transaction Types Current Themes of Interest Representative Sectors

• Corporate Carveouts • Material Handling / Plant Automation • Automotive • Equipment Consumables
• Recapitalizations • Electrification • Aerospace & Defense • Industrial Manufacturing
• Complex Situations • Recycling • Building Products • Industrial Services
• Operationally Underperforming • Water Infrastructure & Treatment • Chemicals • Infrastructure Services
Businesses • Specialty Wire & Cable • Commercial Rental • Medical Equipment
• Founder, Family, or Management • Essential Services Supply Chain • Commercial Services • Metal Fabrication
Owned Businesses
• Building Products • Engineered Products • Plastics & Packaging
• Automotive OEM
Milton Street Portfolio

Description: Blender and Packager of Industrial & Commercial Lubricants and Automotive Fluids Completed Add-Ons
Transaction Type: Family Owned; Underperforming
Status: Current (Acquired February 2018)

Description: Manufacturer of Aluminum & Stainless-Steel Cryogenic Freezers Used in the Storage of Biomedical Specimen
Transaction Type: Carveout; Underperforming
Status: Current (Acquired October 2020)

Description: Manufacturer of Specialty Conveyor Components and Systems for the Material Handling Industry Completed Add-Ons
Transaction Type: Management Owned
Status: Current (Acquired November 2021)

Description: Provides Specialty Medical Beds for Rent or Sale Focused Complex Patient Needs
Transaction Type: Family Owned
Status: Current (Acquired December 2021)

Description: Provider of Mechanical Flushing and Filtration Services for Water-Based HVAC and Geothermal Systems
Transaction Type: Family Owned [email protected] [email protected]
Status: Current (Acquired October 2023)
Milton Street Capital LLC | 3131 Eastside Street, Suite 300, Houston, Texas 77098